[CBSE] Q 13 Depreciation Solutions TS Grewal Class 11 (2022-23)

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Are you looking for a solution of Question number 13 of the Depreciation chapter TS Grewal Class 11 CBSE Board for the 2022-23 Session?

On 1st July, 2017, A Co. Ltd purchases second-hand machinery for ₹ 20,000 and spends ₹ 3,000 on reconditioning and installing it. On 1st January, 2018, the firm purchases new machinery worth ₹ 12,000. On 30th June, 2019, the machinery purchased on 1st January, 2018, was sold for ₹ 8,000 and on 1st July, 2019, a fresh plant was installed.

Payments for this plant was to be made as follows:

1st July, 2019₹ 5,000
30th June, 2020₹ 6,000
30th June, 2021₹ 5,500

Payments in 2020 and 2021 include interest of ₹ 1,000 and ₹ 500 respectively.

The company writes off 10% p.a. on the original cost. The accounts are closed every year on 31st March. Show the Machinery Account for the year ended 31st March, 2020.

[Balance in Machinery A/c – ₹ 30,550.]

Solution:-

Following is the list of all solutions of depreciation chapter of ts Grewal CBSE for the 2022-23 session.

S.NSolutions
1Question – 1
2Question – 2
3Question – 3
4Question – 4
5Question – 5
6Question – 6
7Question – 7
8Question – 8
9Question – 9
10Question – 10
S.NSolutions
11Question – 11
12Question – 12
13Question – 13
14Question – 14
15Question – 15
16Question – 16
17Question – 17
18Question – 18
19Question – 19
20Question – 20
S.NSolutions
21Question – 21
22Question – 22
23Question – 23
24Question – 24
25Question – 25
26Question – 26
27Question – 27
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